You are here: Home » International » News » Companies
Business Standard

Blackstone bets big on Wall St information biz with Thomson Reuters deal

The partnership will be managed by a 10-person board composed of five representatives from Blackstone and four from Thomson Reuters

Reuters  |  London/New York 

US private equity firm Blackstone Group LP catapulted itself into the major leagues of Wall Street's financial information industry on Tuesday with the acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp. The $20 billion deal is Blackstone's biggest bet since the financial crisis and pits co-founder Stephen Schwarzman against fellow billionaire and former New York Mayor Michael Bloomberg. Bloomberg's eponymous terminals are the market leader in providing traders, bankers and investors with news, data and analytics. Blackstone ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, January 31 2018. 12:08 IST